Let's Talk Title

Dated: May 17 2022

Views: 97

What is Title?

Title is the legal evidence, of right, that a person has to the ownership and possesion of land.  Since it is possilbe that someone other than the seller has a prior legal right to the property you are buying, the premium coverage offered by an Enhanced Homeowner's Policy (EHP) provides you with added peace of mind.

There can be prior problems that remain undisclosed even after the most careful search of public records.  These prior hidden "defects" are very dangerous and sometimes are not discovered for months or even years after you purchase your home.  The EHP Policy helps protect you against prior losses and defects, and provides legal defense for covered risks.

Get The Right Title Insurance

Your lender only requires that you purchase a Loan Policy.  However, that policy only ensures that the lender has a valid, enforceable lien on the property.  IT DOES NOT PROTECT YOU!  The EHP Policy, on the other hand, is designed to protet YOU from title discrepancies arising prior to or concurrent with your purchase of the property.

How Much Does Title Insurance Cost?

The one-time premium is directly related to the value of your home.  It is usually less expensive that your annual auto insurance.  It is paid when you purchase your home, yet it continues to provide complete coverage for as long as you or your heirs own the property.

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Laurie Rhoades

Full-time Realtor with over 10 years experience in the industry. Specializing in Residential and Community Commercial real estate.Enjoy helping buyers and sellers with ALL of their real estate needs. ....

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